Notice of AGM and Return of Surplus Cash

The Annual General Meeting ("AGM") of the Company will be held at IOMA House, Hope Street, Douglas, Isle of Man IM1 1AP at 10.00 a.m. on 6 August 2010. The circular containing the formal notice convening the AGM (the "Circular"), together with the form of proxy for use at the AGM, have been sent to Shareholders and are available on the Company's website www.carpathianplc.com.